Atlanta Fed's Bostic Says Housing Costs Are A 'Frontline' Conversation, Though He Remains Confident Shelter Inflation Will 'Fall Back Into Line'; Labor Market 'Loosening But Not Loose'; GDP And Job Market Data Point To 'Orderly Deceleration' In Activity That Will Balance Supply And Demand, Lower Inflation
Portfolio Pulse from Benzinga Newsdesk
Atlanta Fed's Bostic discusses housing costs, labor market, and economic activity. He is confident that shelter inflation will decrease and notes a 'loosening' labor market. GDP and job market data suggest an 'orderly deceleration' to balance supply and demand and lower inflation.
June 27, 2024 | 2:02 pm
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POSITIVE IMPACT
Atlanta Fed's Bostic's comments on housing costs, labor market, and economic activity suggest a balanced approach to managing inflation, which could stabilize market sentiment.
Bostic's confidence in decreasing shelter inflation and an 'orderly deceleration' in economic activity suggests a balanced approach to managing inflation, which could stabilize market sentiment and positively impact SPY.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80